Balance Transfer Credit Cards – Pay Zero Interest By Transfering Your Balance To A New Credit Card

Balance transfer credit cards are credit cards that let you, the customer, transfer the balance from one of themto another card. Balance transfer credit cards can be a good way to save money because most offer an interest-free period to all new customers. This interest-free period can last six months to 15 months, depending on the type of card. If you use balance transfer credit cards wisely, you can even consolidate several balances to one card for a much lower interest rate.

Do your research when selecting a balance transfer card. Chief executive of MoneyExert, Sean Gardner, has been quoted as saying, “As with all credit card deals, you need to check that the card you’re using is suited to your requirements.”

Some cards charge a transfer fee, so this is something you need to take into consideration as well. Once you’ve consolidated you debts, start aggressively attacking the balance by making payments much higher than the minimum required. It’s also a good idea to make more than one payment a month.

The traditional credit card typically requires a monthly minimum payment that covers the interest. Since many balance transfer cards offer 0% interest for a limited time, you probably won’t be required to make a payment for that amount of time. If you’re exceptionally disciplined, you can set up a separate high-interest bank account, put money in it until you have enough to cover the card’s balance, and then pay it off in one large payment. This method will only work if the transferred balance is manageable, if you don’t continue to use the card, and if you have sufficient self-control not to use your saved money on that dream vacation or that coveted product.

Opening a GIC (Guaranteed Investment Contract) is also a good way to pay off a transferred credit card balance if you have a long enough interest-free period and a manageable balance. A GIC will typically give you a higher interest rate than a savings bank account.

There are many different types of GICs available and you’ll need to check with your bank or other banks in your area to see what’s available to you. Money from GICs can only be taken out without penalty once the GIC has matured.

Ideally you should have a GIC for at least one year. One-year GICs can give you an interest return of three to four percent. There are shorter term GICs available, but your ROI (return on investment) will be smaller due to lower interest rates. When using a GIC, you can make saving automatic by arranging for a set amount of money to be removed from your bank account and put to your GIC every month. This way there won’t be money accumulating in a bank account tempting you to spend it.

A word of warning. GICs aren’t going to make your thousands of dollars into millions, but they can get you a little extra money that you didn’t have before. And every penny counts when you’re trying to eliminate your debt.

Balance transfer credit cards that might work well with a GIC are the:

Blue from American Express
Chase Platinum Visa Card
Discover More Card
Miles by Discover Card
Discover More Card – Clear
Discover More Card – Wildlife Collection

Each of these cards has an introductory interest-free period of at least 12 months. The Blue from American Express has an interest-free period for up to 15 months and no annual fee. The regular interest rate is 11.74%. This card has a transfer fee of 4.99%. Some balance transfer credit card companies offer additional perks for transferring your balances to their cards. The Discover More Card gives a $40 Cashback Bonus. The Chase Home Improvement Rewards Card will give you a free Zircon iLine Laser Level, valued at almost $40, after your first purchase on the card.

Always read the small print when applying for a balance transfer credit card. Some of these types of cards only provide the 0% rate on the transferred balance and not on additional purchases. If this is the case, you’ll need to pay the interest on any purchases you make.

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The Top 10 Reasons Why Business Owners Must Accept Credit Cards

Whether you own a retail store, are a webmaster or run a small business out of your home, accepting credit cards is a critical part of running a successful business. Accepting credit cards for payment reduces your business overhead and can greatly improve your cash flow. There are several advantages for business owners as well.

Here are 10 reasons why business owners need to accept credit cards:

1. Convenience:

If you’re running a small business, you want to afford your customers the convenience of using credit by being able to say we accept Visa/MasterCard. By offering extra convenience to your customers, you build up your professional image and show clients that you’re a serious enterprise.

2. Impulse Buying:

Merchants who are accepting credit cards, ATM/ debit cards, gift cards and checks are able to increase customer satisfaction and impulse buying. Accepting cards encourages customer purchasing and helps grow your business.

3. Increased average ticket size:

Customers who use credit cards spend 2-3 times more per purchase and buy more frequently than the average shopper. This can account for bigger profits for your business especially during the holiday seasons.

4. Competitive Edge:

If your competitors are accepting credit cards, make sure you are doing the same. You can effectively compete with other businesses in your industry and surrounding area. Customers will flock to where they can find convenience and flexibility.

5. Faster payment process:

In mere seconds a credit card transaction is authorized, checked for funds availability, and complete. The customer is out of the door in no time and the funds will hit the merchant’s bank account in 48 hours.

6. Preferred solution for online shopping:

How many times have you purchased something online using an online check or cash? You don’t or it’s very rare and you can’t. The preferred method is by credit card because of the instant authorization and convenience. An online check functions like a regular check, you still have to wait for the funds to clear before you receive your product.

7. Acquire international customers:

Accepting credit cards gives you the ability to attract orders from around the world. Card issuers and the internet have made it possible to do business internationally by utilizing currency exchanges.

8. Reduces Costs:

Accepting credit cards help make operating costs more efficient, guarantee payments, and reduce overhead by eliminating the need to send bills and manage account receivables. It is often less expensive to process credit and debit cards than to accept checks. Merchants are often concerned about how transaction fees and the discount rate of each transaction are paid to the merchant account provider and the impact it has on profitability of their business. However, the benefits of credit card acceptance far outweigh the fee expenditures.

9. Builds credibility:

By accepting credit cards, your business gains immediate credibility in the eyes of current and potential customers. This instantly will translate into increased customer loyalty.

10. Improves productivity:

With credit card processing, acceptance and settlement of transactions are conducted automatically. This allows a merchant’s funds from credit or debit transactions to be deposited directly to their bank account. This makes the payment process more efficient and less time consuming allowing a merchant to focus on other aspects of their business.

Accepting credit cards online or offline is vitally important for the growth of your business and profits. If you run a business without accepting credit cards, you could be turning a way a large number of potential customers. Remember, the costs are minimal when you consider how much increased business you can and will take in.

Melvin Pritchett is the creator of Merchant Ideas, a website dedicated to keeping you up-to-date with the latest tips and ideas for credit card processing, and merchant account services. His focus is built around educating business owners on the process of accepting credit cards and online marketing by teaching practical ideas for a competitive marketplace.

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Retail Store Credit Cards – Benefits and Detailed Descriptions

There are hundreds of credit card offers available in the U.S market. The credit card companies compete against each other with attractive incentives such as cash back, points reward schemes and balance transfer offers at zero percent. There are lot of new offers have been introduced in U.S by worldwide banks. Among those offers, some cards are specially introduced as Retail Store ‘Credit Cards’. Among all the new credit card offers, the retail store credit cards help the card holders to easily establish a credit history. The card members can start building their credit history based on their card usage level. Also the retail store credit cards comes with lots of attractive and useful incentives such as free gifts, gift certificates and discount coupons are provided just for signing up. The Chase Business Visa® Card also provides a lucarative referral program that all card users referred by card member earn points for the referrer. There are certain few specific recommendable offers available in the market. Lets see their benefits and detailed descriptions.

Starbucks Card Duetto(TM) Visa®: This card offers 0% intro APR for up to 6 billing cycles, no annual fee and a wide range of Visa benefits. The card members get $10 Duetto(TM) Dollars in their Starbucks Card Account when they make their 1st Visa purchase and also get 1% of all their Visa purchases back in Duetto(TM) Dollars. The card members can earn fast and frequent rewards at Starbucks.

Borders 3.2.1 SM Visa®: The Intro APR is 0% and there is no annual fee. The card members will earn 3 points for every dollar spent at Borders®, Borders Express,, Waldenbooks® and and 2 points for every dollar spent on eligible Gas, Dining and Grocery purchases. Also earn 1 point for every dollar spent anywhere else. There is no cap on points earned. The card member can redeem points for Cash or Rewards.

Sony CardSM: This card provides 0% Introductory APR for up to 12 months and there is no annual fee. Provides 1,500 Bonus points after first use. The card members will earn 1 Sony Reward Point per dollar spent, 3 Sony Reward Points per dollar spent on Sony products and 5 Sony Reward Points per dollar spent at MySony. The points can be redeemed for sony products.

Toys R Us Mastercard: This card offers 0% Introductory APR for up to 6 months on the Toys”R”Us & Babies”R”Us MasterCard. There is no annual fee. The card members will earn 4 points per $1 spent in eligible purchases at Toys”R”Us & Babies”R”Us with the NEW Toys”R”Us & Babies”R”Us MasterCard. And also earn 1 point per $1 spent on their eligible everyday purchases like gas and groceries made everywhere Mastercard credit cards are accepted. Provides a 10% Savings Reward Certificate,valid at any Toys”R”Us & Babies”R”Us location, when the card members earn 1,000 points. The card members can receive up to two certificates per month.

Chase Home Improvement RewardsSM Card: This card offers 0% Intro APR for up to 12 months and there is no annual fee. provides Zircon iLine Laser Level as gift after first purchase, a $39.95 value! The card members earn up to 3 points on purchases. The card members can put their home improvement purchases to work for them by earning 3 points for each eligible $1 spent on home improvement. That’s a full 3% Cash Back! Plus, 1 point on all other purchases and interest. Points can be redeemed easily. The card member can redeem 2,500 points for either a $25 Gift Card or Gift Certificate, or a $25 check. The card members can participate in sweepstakes and they can take advantage of sweepstakes opportunities that will get them closer to their dream home!. Provides exclusive tips from the experts, work like the pros with hints and tips in every statement, as well as an exclusive e-newsletter from the editors of The “Family Handyman magazine”.

Chase Rewards Visa® Card: This card offers 0% Intro APR up to 6 months and there is no annual fee. Provides $25 Bonus Reward certificate after their first purchase. Provides more great savings such as the members can earn 3 reward points on purchases made at with their Rewards Visa card. Provides savings everywhere the card members shop. The card members also earn 1 rewards point on all other purchases, that means they earn 1 point for every $1 spent at places such as grocery stores, gas stations, restaurants and more. For every 2,500 rewards points, the cardmembers will automatically receive a $25 Reward Certificate.

Chase Platinum Visa® Card: This card offers 0% intro APR for 6 months on purchases and balance transfers, variable rate thereafter. And there is no annual fee. The card members will earn 1,500 Bonus Points after their first purchase with their Visa® Card. Provides free rewards that come quickly, easily, and automatically. The card members also earn 3 reward points for every dollar spent at, 1 reward point for every dollar spent on purchases elsewhere and for every 2,500 reward points, they’ll receive a $25 Reward Certificate.

Chase Business Visa® Card: This card offers 0% Intro APR for the priod of 6 months. There is no annual fee. The card members will earn 1,500 Bonus Points after their first purchase with their Visa® Card. Provides free rewards that come quickly, easily, and automatically. The card members also earn 3 reward points for every dollar spent at, 1 reward point for every dollar spent on purchases elsewhere and for every 2,500 reward points, they’ll receive a $25 Reward Certificate. Provides online quarterly management reports help the card members to track spending and zero liability on unauthorized purchases.

These are some of the recommendable specific retail store credit cards available in market.

Jagan babu vasudevan is a Financial Functional Expert, researching about credit cards for more than 7 years. Conducting surveys about credit cards. And researching how to make credit cards work for the card holders.

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Home Depot Home Improvement Gift Card – Getting One For Free

One of the most popular stores today when it comes to home repair, home fix up and various appliances is Home Depot. In fact it seems that they are popping up everywhere and to be quite honest in my opinion has the one of the best selections when it comes to lawn care products, mowers and flooring options.

However, what I wanted to share with you is how to go about getting a free gift card to Home Depot. If you are planning a large project and plan to spend a good deal of money on this project, it just might be beneficial to look into getting a free home depot gift card. When you look online there are tons of sites offering free giveaways and various items, yet it’s hard to sift through what’s real and what’s not. I can tell you I’ve been reviewing free giveaways and gift cards for a few years now and there are actually sites and sources out there where you can truly get an item for free, however not before you complete program requirements that do require purchases before hand to quality for the gift card.

For the most part these sites are great if you plan on spending or good deal at Home Depot or tend to go to the hardware store on a regular basis. One thing to note be sure to read the terms and conditions when you visit a site giving away a free gift card and make sure you’re making the most of it and that you actually need or want what’s required in order to get the gift card.

Here’s a good example, if you are planning on spending thousands of dollars to remodel your house, buy a new mower or any major project at that matter, and you already do other activities like travel or use credit cards, then it may be worth looking into and seeing about getting a free gift card, again just be sure to read the terms and conditions.

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Less Than Perfect Credit Plus Equity in Your Home Equals Credit Card Debt Elimination

You’ve probably heard the news stories that say you have to have a near perfect credit rating these days if you want to qualify for any type of loan or mortgage. And if you’re one of the millions of people concerned about elimination of your credit card debt the thought of getting a bill consolidation loan probably flashed through your mind for a second and then you forgot about it because your credit rating is already in the toilet.

One of the main reasons it’s difficult to get a bill consolidation loan for the elimination of credit card debt is because most people generally use their cards for things like clothing, trips, food and gasoline – none of which can be considered assets that the bank or lender could use for collateral. However, if you’re a homeowner, you may be able to qualify for that consolidation loan, even if your credit rating is less than stellar.

Let’s say you have $25,000 in accumulated plastics debt, spread out over 5 or 6 cards, and your total monthly payments are $800. And let’s say you have $25,000 in equity in your home. Refinancing your home will give you the money you need for the elimination of your credit card debt yet it will only raise your monthly mortgage payment by less than $200. Not only have you erased your debt but you’ve improved your debt to income ratio – which also makes your credit rating look better. Most lenders would be happy to make a loan like this.

Before taking any major step to eliminate your credit card debt your best course of action is to consult with a reputable credit debt reduction service. They can help you look at all the different options available to you and make the best decision for your own personal financial future.

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